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Dec 24, 2012
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everyone assumes the fiscal cliff negotiations are done for the moment. suppose the newfound bears conventional wisdom is wrong. suppose if we don't go over the fiscal cliff or at the very least we get resolved with minimum destruction as i talked about at the top of the show. my super bowl see you in new orleans solution. i'm not saying this will happen. i'm saying this positive scenario is very much on the table. it has to be considered. and in that rosy okay things are all right scenario, good things could happen to our stock market in 2013. let's say you're an optimist that believes the fiscal cliff will be resolved and they rise above. what's the best way to play a fabulous bull market that some think could be unleashed? simple. assuming that everything goes right, the best proxy for the market in 2013 is the blackstone group. the big publicly traded asset firm. why blackstone? a company that i wasn't keen on. the company earns money investing other people's money. private equity funds. at the moment the company has $205 billion in assets under manag
everyone assumes the fiscal cliff negotiations are done for the moment. suppose the newfound bears conventional wisdom is wrong. suppose if we don't go over the fiscal cliff or at the very least we get resolved with minimum destruction as i talked about at the top of the show. my super bowl see you in new orleans solution. i'm not saying this will happen. i'm saying this positive scenario is very much on the table. it has to be considered. and in that rosy okay things are all right scenario,...
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Dec 27, 2012
12/12
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any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa'
any hope of getting a fiscal cliff deal done in time? we are back after a quick break. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d....
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Dec 31, 2012
12/12
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lawmakers did get some work done over the weekend, despite failure to solve the fiscal cliff issue. senators approved antitrust attorneys william barrett to head the justice department ate antitrust division. also party leaders agreed on a farm bill extension that would head off a big jump in milk prices. lawmakers still need to vote on that agreement but at this point, at least there is something that they can take a look at. in the meantime, auto industry sales are headed for their best year since 2007. forecasters now say the total sales for 2012 should top 14.5 million cars and trucks. analysts say even more encouraging is the fact that sales increased steadily throughout the year, so that means we're ending things on a good note. also, finishing up a good year the movie industry. hollywood.com estimates 2012 ticket sales came in at a record 10.8 billion dollars. that's 6% higher than last year. and it beats the former record of $10.6 billion set back in 2009. joe? >> okay, beck, thanks. let's get to our next guest. among those working on a deal to avoid the fiscal cliff, joinin
lawmakers did get some work done over the weekend, despite failure to solve the fiscal cliff issue. senators approved antitrust attorneys william barrett to head the justice department ate antitrust division. also party leaders agreed on a farm bill extension that would head off a big jump in milk prices. lawmakers still need to vote on that agreement but at this point, at least there is something that they can take a look at. in the meantime, auto industry sales are headed for their best year...
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Dec 26, 2012
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from hawaii to try to keep america from going over the fiscal cliff. as the house and senate reconvene tomorrow. the clock is ticking. six days until the deadline. the way things work in washington, can they actually get something done before the end of the year? brianna keilar, what is the latest on this? >> hi, there, drew. president obama will be heading home from hawaii tonight, logical time arri arriving in d.c. thursday morning when the senate will be reconvenin reconvening, and the senate, all eyes on now, that we look for the last-ditch effort to avoid the fiscal cliff. even though the president is returning on thursday, we may not see the senate roll out its bill to deal with the fiscal cliff. perhaps for a couple of days. this is entirely possible we've learned from sources as senate majority leader harry reid works to get republican support in the senate, which he will need if he's going to pass a bill. and so we're still waiting to see exactly what it will look like that the white house wants for the threshold on income tax rates to cut off
from hawaii to try to keep america from going over the fiscal cliff. as the house and senate reconvene tomorrow. the clock is ticking. six days until the deadline. the way things work in washington, can they actually get something done before the end of the year? brianna keilar, what is the latest on this? >> hi, there, drew. president obama will be heading home from hawaii tonight, logical time arri arriving in d.c. thursday morning when the senate will be reconvenin reconvening, and the...
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Dec 26, 2012
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. >>> president obama heading back to washington to tackle the fiscal cliff today. he will get to d.c. just as the house and senate expected to reconvene tomorrow. not much time left for a notoriously slow-moving washington to get something done. brianna keilar following the drama from honolulu, hawaii. she's there with the president. what is the latest. >> president obama is officially cutting short his christmas vacation and heading back from hawaii. tonight, hawaiian time, early in the morning on the east coast and returning to the d.c. area on thursday. as the senate is set to reconvene and all eyes really are looking there to see what senate majority leader harry reid can cobble together in order to get republican support to avoid the fiscal cliff. he'll also have to put together something that will get republican support in the house. this is a last-ditch effort and will be obviously very difficult if it succeeds at all. at this point, the white house still wants that threshold for income tax rates to be at 250,000. it's unclear, exactly what the senate propos
. >>> president obama heading back to washington to tackle the fiscal cliff today. he will get to d.c. just as the house and senate expected to reconvene tomorrow. not much time left for a notoriously slow-moving washington to get something done. brianna keilar following the drama from honolulu, hawaii. she's there with the president. what is the latest. >> president obama is officially cutting short his christmas vacation and heading back from hawaii. tonight, hawaiian time,...
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Dec 26, 2012
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if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks says, hey, you know what? let's write on our coffee cups "come together." do you think anybody will pay attention to that in washdz? >> you know what? anything and everything helps. just merely spreading the message america is watching and waiting for congress to act to find a way to reason together, that's an important act, and everyone doing their part can do, i say good on him. we need to send this message to washington and make sure it isn't settled. we'll go deeper into this tonight at 7:00 as well. this is urnlggent. the clock is ticking, s
if nothing is done to avert the fiscal cliff. if you make $104,000, doing pretty well, you see your taxes go up $6200. if you make $400,000 a year, you see taxes go up over $9,000. that's overnight. the bush tax cuts sunset if we don't do anything to variety the fiscal cliff. this is something that the president and republicans agree on. they agree 98% of the americans shouldn't have taxes raised, but that 2% disagreement brings us to the edge of the fiscal cliff. >> the ceo of starbucks...
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Jan 1, 2013
01/13
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cliff deal not done at all. stay with cnn all day for the developing news on the fiscal cliff, we have a big house vote perhaps as this bill gets to the floor. as we say good-bye to 2012 thank you to all the people behind the scenes who make "starting point" possible. happy new year, everyone. ♪ ♪ ♪ ♪ ♪ should all acquaintance be forgot
cliff deal not done at all. stay with cnn all day for the developing news on the fiscal cliff, we have a big house vote perhaps as this bill gets to the floor. as we say good-bye to 2012 thank you to all the people behind the scenes who make "starting point" possible. happy new year, everyone. ♪ ♪ ♪ ♪ ♪ should all acquaintance be forgot
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Dec 31, 2012
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>> they're looking for a deal to be done that averts the worst effects of the fiscal cliff. always remembering that there will be some form of spending cuts and tax rises in the united states. but nothing like the grinding austerity that would be imposed on the u.s., and by definition and extension, the rest of the world, if the u.s. goes over the cliff. put it in context. this year the eurozone is in recession. next year recessions likely, growth just about possible. in that scenario for the largest trading partner to have a fiscal retrencherant, a slowdown of the magnitude of the cliff, ali, is pretty dramatic and drastic for everybody else watching. >> richard, there's a chance there could be a boomerang effect. the united states may grow, let's say 3% for argument's sake in 2013. that is going to be healthier than europe by a long shot, and we're seeing slowing in a lot of other major economies, including china, india, brazil. is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth
>> they're looking for a deal to be done that averts the worst effects of the fiscal cliff. always remembering that there will be some form of spending cuts and tax rises in the united states. but nothing like the grinding austerity that would be imposed on the u.s., and by definition and extension, the rest of the world, if the u.s. goes over the cliff. put it in context. this year the eurozone is in recession. next year recessions likely, growth just about possible. in that scenario for...
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Jan 1, 2013
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cliff, it would be tough for the markets. marks are telling us they think there's been a momentary judgment call, they've done the right thing and the markets think something's going to get done here. so a solution is priced into the market here. if you don't get a solution, it's going to be a problem. maybe not the first day but certainly a problem. i've talked to congressmen, you have, too, they have 2008 and t.a.r.p. fresh in their memory. remember when they didn't pass the bank bailout? >> sure. >> wall street said, that's not going to work and the stock market went down 700 points. they have that fresh in their memory. they don't want -- they don't want to do anything like that. so they're being very careful here, i think. >> christine, tell us about some of the things that were, at least on the senate side, tax goodies, things saved, some of the things that we didn't lose because of the agreement on the senate side. >> it's interesting, when you look at, for example, write-off for teachers for supplies they get for the
cliff, it would be tough for the markets. marks are telling us they think there's been a momentary judgment call, they've done the right thing and the markets think something's going to get done here. so a solution is priced into the market here. if you don't get a solution, it's going to be a problem. maybe not the first day but certainly a problem. i've talked to congressmen, you have, too, they have 2008 and t.a.r.p. fresh in their memory. remember when they didn't pass the bank bailout?...
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Dec 29, 2012
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in time to avoid the fiscal cliff, and that's what our focus issen ob this morning. for his part, president obama says he's modestly optimistic they can work things out. even if a deal is thrown together, senator harry reid says what they come up with could be imperfect and some people aren't going to like it. bringen in independent new york stock exchange trader joining us from new york. good to see you. >> good to see you, alison. thanks for having me. >> as you said, washington has been kicking the can down the road. so what are the chances of a real deal going through at the very last minute? things sound a little more optimistic last night, if you listened to president obama. >> i think they have to sound optimistic. the last thing they want to do is not sound optimistic. here's the problem. we've come right to the 11th hour. the fact there's going to be a substantive deal that comes out in the 11th hour is probably nailed to zero. in my sense, it's easier to go over the cliff. then there's clarity, right? taxes up, spending cut. the market will know what is goi
in time to avoid the fiscal cliff, and that's what our focus issen ob this morning. for his part, president obama says he's modestly optimistic they can work things out. even if a deal is thrown together, senator harry reid says what they come up with could be imperfect and some people aren't going to like it. bringen in independent new york stock exchange trader joining us from new york. good to see you. >> good to see you, alison. thanks for having me. >> as you said, washington...
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Dec 24, 2012
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. >>> some washington lawmakers sound gloomy about the chances for a compromise deal on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration. >>> many gun shop owners say sales have been booming. thousands of north texans visited local gun shows and stores this weekend where the most powerful weapons are costing more than ever. a gun dealer told our affiliate that an assault style weapon ran around $900. this week anywhere from 1500 to $2500 many in just a few minutes my conversation with a gun shop owner, several former police officers and a school safety expert who says the current call for bringing guns into schools for safety is in his words, borderline insane.
. >>> some washington lawmakers sound gloomy about the chances for a compromise deal on the fiscal cliff. >> nine days to get a deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady...
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Dec 26, 2012
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. >>> and six days and counting until we hit the fiscal cliff. the president is cutting short his hawaiian vacation to go back to work. we'll look at whether a deal is likely to get done. >>> and not what people in alabama wanted for christmas. tornadoes ripped through the south. >> i prayed to god as loud as i could and i was just praying for my safety. and i knew that -- i prayed that the church stayed put. rsal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! >>> we told you last hour president obama is spending his last few hours in hawaii before returng early to washington. he's expected to arrive tomorrow, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior
. >>> and six days and counting until we hit the fiscal cliff. the president is cutting short his hawaiian vacation to go back to work. we'll look at whether a deal is likely to get done. >>> and not what people in alabama wanted for christmas. tornadoes ripped through the south. >> i prayed to god as loud as i could and i was just praying for my safety. and i knew that -- i prayed that the church stayed put. rsal] ♪ everybody well don't you know it's me now? ♪ ♪...
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Jan 1, 2013
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despite the fiscal cliff worries. and you got to see it get handled. if you saw the house not pass this, or you all of a sudden saw some controversy with amendments in the like and two competing versions of this bill and this drags on, i think you could see the stock market take a tumble and that's something members of congress have told us, they like to avoid that. they rep t.a.r.p. and the bank bailout and the stock market didn't like it when they didn't pass the bank bailout in first place, that's a fresh memory for them. >> christine romans, thank you for keeping an eye on all of this. so much to keep an eye on, thanks. >>> as we wait for republicans to speak, the vice president playing a huge role in getting this deal done. but does joe biden have the pull to actually get it through the house. >>> plus, i'll speak live with the attorney for one of the very first pot clubs in colorado. just opened after voters approved a new marijuana law. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report
despite the fiscal cliff worries. and you got to see it get handled. if you saw the house not pass this, or you all of a sudden saw some controversy with amendments in the like and two competing versions of this bill and this drags on, i think you could see the stock market take a tumble and that's something members of congress have told us, they like to avoid that. they rep t.a.r.p. and the bank bailout and the stock market didn't like it when they didn't pass the bank bailout in first place,...
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Dec 30, 2012
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today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to that, they will call that kicking the can down the road, you know what martin, they are absolutely right. once again, we will kick the can down the road, but that's what happens, when you back yourself into a corner, we did this with the debt ceiling, we did this with the government shutdown, the way we do business now, we should get used to it, that's how things are done t is the 11th hour we need an 11th hour deal. 11th hour deals are never particularly good. everybody is going to give something up. i just hope they all prepare to give something up and get a deal. it is not going to be pretty. i will be here t
today's only job is to come up with a deal that ainvestigators going over the fiscal cliff and anything other than that is absolute irresponsibility you congressional malpractice. >> any deal? in other words, say some sort of temporary fix or have to be that long-term overhaul? >> i don't think -- at this point, beggers can't be choosers. i don't think we are going to get a grand bargain. i don't think we are going to get a big deal with long-term stuff a lot of people object to...
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Dec 29, 2012
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lawmakers have just three days left to get a deal done in time to avoid the fiscal cliff. even if a deal is thrown together at the 11th hour, senate majority leader harry reid says what they come up with will be imperfect. and some people aren't going to like it. i spoke with independent new york stock exchange trader kenny polkari earlier and asked them how wall street is reacting to the looming fiscal cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that try to cut taxes and raise some spending, and they'll argue it from a positive point of view and stand up and say, rah-rah, look what we, did right? it won't get any worse if we go over the cliff. if there's a bandaid, it leaves co
lawmakers have just three days left to get a deal done in time to avoid the fiscal cliff. even if a deal is thrown together at the 11th hour, senate majority leader harry reid says what they come up with will be imperfect. and some people aren't going to like it. i spoke with independent new york stock exchange trader kenny polkari earlier and asked them how wall street is reacting to the looming fiscal cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be...
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Dec 24, 2012
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cliff, to have a sunset when it comes to our fiscal situation is that really what's going on here? lawmakers are on vacation, so will anything get done in time? >>> lots of people on vacation, dana. a winter storm may be headed your way. for all of the people traveling, 93 million americans on trains, planes, and automobiles. what it means for your holiday travel plans. good morning, welcome to "starting point." chilly in new york city. 7:00 in the morning. i'm alina cho in new york. >> and i'm dana bash in washington. monday, december 24th. christmas eve. "starting point" begins right now. >> and our "starting point," a u.s. contractor in kabul gunned down and killed this morning by a woman wearing an afghan police uniform. it happened inside kabul's police headquarters. the latest in a string of suspected green on blue attacks that are hitting morale and eroding trust in allies there. our pentagon correspond respondent barbara starr up early for us working her sources. joins us live from washington with more. >> good morning, alina. in the last few minutes, our nato sources are c
cliff, to have a sunset when it comes to our fiscal situation is that really what's going on here? lawmakers are on vacation, so will anything get done in time? >>> lots of people on vacation, dana. a winter storm may be headed your way. for all of the people traveling, 93 million americans on trains, planes, and automobiles. what it means for your holiday travel plans. good morning, welcome to "starting point." chilly in new york city. 7:00 in the morning. i'm alina cho in...
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Dec 25, 2012
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if -- it will go down to about $45,000 if the fiscal cliff goes off and nothing is done to adjust it. individuals now getting $45,000 back in '82 when first enarngted which is a lot different than $45,000 today. so if individuals earning $45,000 today might be impacted by additional taxes by this amt if something's not done. and, again, this is just a way to try to -- the problem with the amt is it wasn't adjusted for inflation so as time went on and prices have gone up and people have made more money and inflation has gone into place, things have not adjusted for the what the amt is now currently so this is going to be a big piece and those in the finance world are looking at making sure that this thing doesn't come into play. come 2014, people will have a big surprise if they file their taxes and this amt is not adjusted. >> ryan, look into the future which is ten days. do you think a deal will be done? >> what we're going to have, we're going to have a short-term deal. bottom line is if these spending cuts are way too extensive. the medicare cuts, way too extensive to put together
if -- it will go down to about $45,000 if the fiscal cliff goes off and nothing is done to adjust it. individuals now getting $45,000 back in '82 when first enarngted which is a lot different than $45,000 today. so if individuals earning $45,000 today might be impacted by additional taxes by this amt if something's not done. and, again, this is just a way to try to -- the problem with the amt is it wasn't adjusted for inflation so as time went on and prices have gone up and people have made...
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Jan 1, 2013
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apparently they have reached a deal on the fiscal cliff. we anticipate vice president bide will be making comments. he just got done briefing senate democrats about the plan they've been negotiating. as soon as he comes out to speak, we're going to bring it -- >> first of all it's called the fiston cliff. and there's some sort of a car filled with -- look, i blame the tea party. i blame rand paul who by the way, you have him on your show way too much. >> we have -- >> he's a nut bag. go ahead send me your hate tweets, tea party. i know you want to hang me up like a columbian neck tie. i've heard them all. the tea party, they can be hurtful. >> rand paul he's -- >> really? >> yes. >> let's talk about the people turned down doing this show. >> we have to take a quick break and we'll have vice president biden's comments. >> rihanna coming up live in a moment. >> a look at pictures from around the country and around the world. we'll be right back. ♪ ♪ yeah. okay either of you put together the earnings report yet? yes, me totally. what? why
apparently they have reached a deal on the fiscal cliff. we anticipate vice president bide will be making comments. he just got done briefing senate democrats about the plan they've been negotiating. as soon as he comes out to speak, we're going to bring it -- >> first of all it's called the fiston cliff. and there's some sort of a car filled with -- look, i blame the tea party. i blame rand paul who by the way, you have him on your show way too much. >> we have -- >> he's a...
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Jan 1, 2013
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caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the senate floor. he said he one of the president to be a one-term president. the people voted obama back in. host: the minority leader, mitch mcconnell, has been negotiating with the vice president joe biden to come to some sort of agreement. what you make of that? caller: i'm talking about what mitch mcconnell said in the beginning. he did not want to work with this president. the want it to see him fail. they're hurting the american people by not helping obama. obama is good for the country, but people that listen to rush limbaugh, sarah palin, and fox news, that i
caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the...
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cliff if we had not taken action. it means an awful lot in illinois. we have literally tens of thousands in my own state that face the same basic problem. these are people who have been out of work for a long time. some are in school. some are taking courses for retraining. all are trying to keep their family together, not lose their home while their unemployed. -- they are unemployed. this was the president's second highest priority and it was included in this package. review ask the congressional budget office where to spend $1 to help the economy, they will be clear that it is unemployment benefits. the dollar you spend on unemployment benefits go back into the economy. they are spending it on goods and services to get by, utility bills, rent, mortgage payments, food, clothing, the basics of life. each dollar has a multiplier effect. it is $1.60 ultimately into the economy. it is not only the humane and right thing to do for a struggling economy, but a good thing for boosting economic growth. one of the real disapp
cliff if we had not taken action. it means an awful lot in illinois. we have literally tens of thousands in my own state that face the same basic problem. these are people who have been out of work for a long time. some are in school. some are taking courses for retraining. all are trying to keep their family together, not lose their home while their unemployed. -- they are unemployed. this was the president's second highest priority and it was included in this package. review ask the...
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Dec 28, 2012
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days before the fiscal cliff where we go off. the president should have held what i would call a slumber party and have him, the congressional leadership, and the cabinet locked in a room, bringing their materials and say we will stay and have a summer party and bring this thing out before everyone can go >> i think they need to lock themselves in a room and just bang this whole thing out. >> we're going to hear from john calling from maryland, just outside of d.c. on the republicans' line. what do you think? >> i don't care for what they are doing. my question to you, the fiscal cliff negotiations, i have not heard one person say anything about eliminating foreign aid to these countries to pay off or debt. that has to be trillions of dollars. >> adrian is on the line in iowa on the democrats line. go ahead. >> hello. i just want to say obama -- they should do what the obama says he is the president of the united states. obama should -- they should listen to obama and go ahead and do the fiscal cliff automatic. because if they pa
days before the fiscal cliff where we go off. the president should have held what i would call a slumber party and have him, the congressional leadership, and the cabinet locked in a room, bringing their materials and say we will stay and have a summer party and bring this thing out before everyone can go >> i think they need to lock themselves in a room and just bang this whole thing out. >> we're going to hear from john calling from maryland, just outside of d.c. on the...
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part of the fiscal cliff is that congress has not done the doc- fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are talking about payments to medicare providers fallen by 27% if nothing is done in the fiscal cliff action going on. --, while i have you, i want your thoughts -- how much of that sentiment are you seeing out there? guest: a see a lot of it. as a grass-roots organization, we hear from people all across the country. we talk about reducing deficits and having a responsible budget for 20 years. this is actually, it will you go over the cliff and nothing changes, the largest single day of the deficit reduction in world history. it is $600 billion in deficit reduction trust by the turn in the calendar. over the long
part of the fiscal cliff is that congress has not done the doc- fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are...
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the fiscal cliff -- i believe both sides know what to do. it is going to be painful. either raise taxes or cut spending. both need to be done. our taxes are going to go up. some good programs will be cut automatically on january 1 if they do not come up with an agreement. that was designed by the politicians to deal with the fiscal problems. it reminds me of the old "national lampoon" comfort that if you don't buy this magazine, we will shoot this dog. save us from ourselves or help us save us from ourselves. it didn't work. they have about a week to go. i suspect they will kick the can down the road. a short-term way to get is passed the immediate collapse of what is stalling certain cuts. maybe unemployment benefits, that kind of thing. i think there will give a short- term answer. host: a lot of headlines are about the republicans and their caucus. what about democrats? are they at fault as well? "we do not want medicare to be touched." the democrats see have put their feet down and said, "we will not do anything." the republican party is divided. i have not seen o
the fiscal cliff -- i believe both sides know what to do. it is going to be painful. either raise taxes or cut spending. both need to be done. our taxes are going to go up. some good programs will be cut automatically on january 1 if they do not come up with an agreement. that was designed by the politicians to deal with the fiscal problems. it reminds me of the old "national lampoon" comfort that if you don't buy this magazine, we will shoot this dog. save us from ourselves or help...
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we are talking about senate negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host: and what does this have to do with the senate negotiating a fiscal of deal? caller: let me tell you something. if you go to the website listed on the left and upper side, united states -- each tax coming out of each state is going towards the or. -- war. i believe all of these politicians, mayors, governors should take a half cut pay to pay down the deficit. host: we are going to move on to darwin on the line for independents. caller: it is like the pentelikon, back in 1968 i was even fighting with the pentagon over budgets. you always had to have everything kept the
we are talking about senate negotiating the fiscal cliff deal. the work they're still trying to get done. the first call comes from lee in florida. caller: i tried to call in yesterday, but everybody was concerned about this matter. let me give you a website that i have been e-mail in over 400 people. it is the website -- you go to search "cause of war." this is the biggest cover up by all of the politicians of their in washington, d.c., including both bushes and of mr. obama. host:...
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what are your thoughts about the fiscal cliff? caller: it is a waste of time. they need to get into session and vote. start getting something done. let's go. they're just piddling around too long. they do not have anything settle debt. i mean, you know. host: how would you like to see the boat go? guest: at this point it does not matter. host: here come the democrats live coverage on c-span. >> are you ready? we just finished a standing room only three-hour long caucus meeting in which the vice president not only roused the entire membership but also gave us a very thoughtful and detailed explanation of what has gone on and how it was that he and the president, working with democratic and republican leaders were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious and, quite honestly, so frank in explaining the as much as he could about what has transpired over the last several weeks. we are now waiting to hear from our republican colleagues whether or not they want to do what the senate did in a v
what are your thoughts about the fiscal cliff? caller: it is a waste of time. they need to get into session and vote. start getting something done. let's go. they're just piddling around too long. they do not have anything settle debt. i mean, you know. host: how would you like to see the boat go? guest: at this point it does not matter. host: here come the democrats live coverage on c-span. >> are you ready? we just finished a standing room only three-hour long caucus meeting in which...
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just as they have irresponsibility on the fiscal cliff they have an responsibility here on sandy. this should give impetus. why not me give some other people a first chance? >> comwe are going to introducet early next year. tax measures are usually done separately. we will be doing that early next here. that is how it has worked and previous disasters. >> they said they are working on an agreement made your next week. they make sure the package as small enough so you have enough pieces to trade with. >> we do not believe we should be trading debt limits. plan with the full credit makes no sense. we ought to do the debt limit on its own. to say we're not going to pay the bill does not make much sense. as for what is happening now, i have spoken to both leader harry reid and leader mcconnell. today agree it was a very good meeting. there is real good potential. we await any proposals to modify that. >> what if they want to use whas debt limit? >> i do not agree with that. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012]
just as they have irresponsibility on the fiscal cliff they have an responsibility here on sandy. this should give impetus. why not me give some other people a first chance? >> comwe are going to introducet early next year. tax measures are usually done separately. we will be doing that early next here. that is how it has worked and previous disasters. >> they said they are working on an agreement made your next week. they make sure the package as small enough so you have enough...
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part of the fiscal cliff is congress has not yet done what they call a doc fix. is to index the reimbursement rates for medicare. -- that is to index the reimbursement rates for medicare. any health care provider under medicare. have the amount they get reduced by more than 25%. i think he is right. this will be fixed retroactively. in the meantime, there are a lot of doctors wondering if they can afford to take additional patients. host: that is the chart in the (new york times" talking about things that will happen in the next few months in terms of tax increases. it does talk about the payments to medicare providers falling by 27% if nothing is done. josh, i want to get your thoughts on this statement. some of us are hoping for the fiscal cliff. how much of that sentiment are you seeing? guest: i see a lot of it. we hear from people all over the country. we have been talking about reducing deficits and heavy responsible budgets for 20 years. if you go over the cliff and nothing changes, the largest single day of deficit reduction in world history probably beca
part of the fiscal cliff is congress has not yet done what they call a doc fix. is to index the reimbursement rates for medicare. -- that is to index the reimbursement rates for medicare. any health care provider under medicare. have the amount they get reduced by more than 25%. i think he is right. this will be fixed retroactively. in the meantime, there are a lot of doctors wondering if they can afford to take additional patients. host: that is the chart in the (new york times" talking...
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part of the fiscal cliff is that congress has not done the doc-fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are talking about payments to medicare providers fallen by 27% if nothing is done in the fiscal cliff action going on. --, while i have you, i want your thoughts -- how much of that sentiment are you seeing out there? guest: a see a lot of it. as a grass-roots organization, we hear from people all across the country. we talk about reducing deficits and having a responsible budget for 20 years. this is actually, it will you go over the cliff and nothing changes, the largest single day of the deficit reduction in world history. it is $600 billion in deficit reduction trust by the turn in the calendar. over the long
part of the fiscal cliff is that congress has not done the doc-fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are...
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what i think we really need is to replace all these abrupt extensions that are making up the fiscal cliff with a well thought out changes throughout the budget on the spending, on entitlements, on taxes. we have to do it all and we have to do it thoughtfully and proactively. what i fear we will see is a grab bag of things that people may want to get rid of. they basically want to make them disappear, so the wave the magic pen and say we will keep the policies in place but we will not pay for it appeared that what i'm afraid we will see. what i hope they will do is put in place the next steps. so if they do something that avert the cliff, which would be a good thing, i hope they have an agreement so january the members come back to town and keep working on this. this is not an issue they can walk away from. until we deal with a fiscal challenges, be cannot deal with any of the problem. we really are devising our economy. the consequences of inaction here on fixing our depth is a and death situation are tremendous. the people who will bear the biggest cost of this is the next generation. i
what i think we really need is to replace all these abrupt extensions that are making up the fiscal cliff with a well thought out changes throughout the budget on the spending, on entitlements, on taxes. we have to do it all and we have to do it thoughtfully and proactively. what i fear we will see is a grab bag of things that people may want to get rid of. they basically want to make them disappear, so the wave the magic pen and say we will keep the policies in place but we will not pay for it...
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senator corker has done some very good work over the last several months in a variety of areas in fiscal matters. a proposal of his that has attracted my support which he will describe is a proposal to help make the medicare program solvent by reducing the growth of out of control spending by nearly $1 trillion in exchange for the expected request from the president for a $1 trillion increase in the debt limit. taking these two provisions together over the next few weeks will provide certainty for the economy, will be the linchpin for a budget agreement that will get the economy going again. republicans and the two of us have said we are ready to do a this, butiety to do of ri we have to address the medicare fiscal cliff, or the seniors or soon thereafter young americans will be pushed over the cliff and will look at us and wonder why we did not do anything. i am proud to join the center core or in support of his proposal, and i would like him to describe it and say whatever he would like to say. >> take it, lamar. it is a tremendous pleasure to serve with lamar, who was a great governor
senator corker has done some very good work over the last several months in a variety of areas in fiscal matters. a proposal of his that has attracted my support which he will describe is a proposal to help make the medicare program solvent by reducing the growth of out of control spending by nearly $1 trillion in exchange for the expected request from the president for a $1 trillion increase in the debt limit. taking these two provisions together over the next few weeks will provide certainty...
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cliff. what did we do? electioneering. it was all about waiting until the election is over. when the elections become more important than governing the country, you get into the trouble we are in. it is not just wild spending. it is not just tax loopholes. it is about governing and fiscally managing things as you go along. it does not just have to be in the white house. it has got to be in congress as well. >> given the frustrations you have voice, if a grandchild said they want to go into politics, would you rejoice? >> i would be straightforward with them. when i decided i wanted to run for governor, somebody asked me if my skin was thick enough. i said, sure. i would encourage them to do it. there are bumps in the road and historical changes we have all seen and they will continue to happen. i predict longer-term there will be more independent-minded people who want to work together to get things accomplished. the bipartisan word will ultimately have more application. i was amused harry r
cliff. what did we do? electioneering. it was all about waiting until the election is over. when the elections become more important than governing the country, you get into the trouble we are in. it is not just wild spending. it is not just tax loopholes. it is about governing and fiscally managing things as you go along. it does not just have to be in the white house. it has got to be in congress as well. >> given the frustrations you have voice, if a grandchild said they want to go...
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i would ask our representatives, our senators, our president not to take this over the fiscal cliff, but get something done and take care of us in a sensible way instead of waiting to the last minute on all these different issues. thank you for my time. host: thank you. another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on january 3. we have a number of news reports of. this is about what is going on behind the scene. senator tom harkin weighing in on this on the senate floor. >> i was disturbed to read in the washington post this morning that some kind of agreements are being made here, somehow that democrats have agreed to raise the level from two lenders $50,000 to $450,000 -- from $250,000 to $450,000 and there was an agreement reached that we keep the estate taxes at the $5 million level at 35%. all i can say is, democrats do not agree with that. not at all. what it looks like is it looks like all of the tax things will b
i would ask our representatives, our senators, our president not to take this over the fiscal cliff, but get something done and take care of us in a sensible way instead of waiting to the last minute on all these different issues. thank you for my time. host: thank you. another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on...
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cliff as he has done in persuading the american people that it's a good idea to tax the rich. senator corker has done some good work over the last several months in a variety of areas on the fiscal matters. but a proposal of his has subtracted my support in which he will subscribe today is a proposal to help make the medicare program solvent by reducing the growth of out of control spending by nearly a trillion dollars in exchange for the request for the president for a 1 trillion over increase in the debt limit. taking these provisions together over the next few weeks would provide certainty for the economy and would be the linchpin for the budget agreement that would get the economy going again. republicans have said and the two of us have said we are ready to do a whole variety of things to get a budget agreement, but we have to have someone address the medicare fiscal cliff for the seniors and soon thereafter young americans are going to be pushed over the cliff and they are going to look back at us and wonder why we didn't do anything. so i'm proud to join senator corker
cliff as he has done in persuading the american people that it's a good idea to tax the rich. senator corker has done some good work over the last several months in a variety of areas on the fiscal matters. but a proposal of his has subtracted my support in which he will subscribe today is a proposal to help make the medicare program solvent by reducing the growth of out of control spending by nearly a trillion dollars in exchange for the request for the president for a 1 trillion over increase...
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that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague and friend, the senator from connecticut, so like -- you've probably seen these numbers, but just to bring it home in one state, what will be the impact if we go over -- if we allow the country to go over the fiscal cliff. in connecticut, 1.4 million middle-class families will see their federal income taxes increase. almost a million and a half families. if the middle-class tax cuts are allowed to expire on january 1, a median-income connecticut family -- now, i know this -- the median in connecticut is higher than it is in most other states, but this number's true for any family making this amount of money, it makes an important point. a family of four earning $86,000 a year happens to be the immediatmedianfamily income in , but that family, which i think would be considered median just about everywhere, middle income just about everywhere, would see its federal income taxes rise by $2,200. that's a lot of money
that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague and friend, the senator from connecticut, so like -- you've probably seen these numbers, but just to bring it home in one state, what will be the impact if we go over -- if we allow the country to go over the fiscal cliff. in connecticut, 1.4 million middle-class families will see their federal income taxes increase. almost a million and a half...
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people are really, really tied into the fiscal cliff and worries about washington. if you thought and you questioned it, you shouldn't because the minute that headline broke, look at that market. that's the best we've done. all day long basically since 10:00 a.m.. let's move onto the retailers, all right? i got that out of the way. i really wanted to see because even i began to wonder how tied in are the markets at this time during a holiday week and it showed you. here are the retailers. do-or-die in 2013. according to "the wall street journal" these four names are names to watch. of course we've seen jcpenney, change in management. best buy, will the chairman take over the whole thing? radioshack struggling in electronics. sears, another name right now is to the downside. these are names we will continue to watch and follow closely in 2013. back to you. ashley: very good indeed. thank you very much, nicole. harry reid tanking the markets earlier. but as you say they're talking again maybe in the house on sunday night. so it goes. my next guest has been the head of
people are really, really tied into the fiscal cliff and worries about washington. if you thought and you questioned it, you shouldn't because the minute that headline broke, look at that market. that's the best we've done. all day long basically since 10:00 a.m.. let's move onto the retailers, all right? i got that out of the way. i really wanted to see because even i began to wonder how tied in are the markets at this time during a holiday week and it showed you. here are the retailers....
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it really has nothing to too with the fiscal cliff. i'm looking now to congress and say, pass the amt patch today. >> gretchen: all right. we'll see if they're listening to marty, a cpa who is a little nutsoutrig to get everything done before year's end. >> thank you very much. >> gretchen: georgetown cup cakes secret ingredient this new year, champagne? we're showing you how it make the party even sweeter with sophie. yep, she's just one part of the team with our others and she's here hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> gretchen: welcome back. wicked weather like this wreaking havoc on airports across the country. what can travelers expect? wfxt's katherine is live at logan international airport with the latest op the travel nightmare out of boston. good morning. >> good morning, gretchen. the sun is shining on us here in boston. but fl
it really has nothing to too with the fiscal cliff. i'm looking now to congress and say, pass the amt patch today. >> gretchen: all right. we'll see if they're listening to marty, a cpa who is a little nutsoutrig to get everything done before year's end. >> thank you very much. >> gretchen: georgetown cup cakes secret ingredient this new year, champagne? we're showing you how it make the party even sweeter with sophie. yep, she's just one part of the team with our others and...
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. >> as the country moves closer to going over the fiscal cliff, the partisan rhetoric reaches new lows. can washington hammer out a deal before it's too late. the american people should be outraged at this because it is disgraceful. it is purposely misleading. >> shocking developments at the state department. the four officials supposedly out of their jobs after the benghazi terror attack reportedly still on the government payroll. how can that be? [chanting] protect the constitution. >> the liberal "new york times" says last month's election significantly weakened the tea party. is that true? we will have a debate. chanting] >> u.s.a. >> caution, you where to enter the no spin zone. the factor begins right now. >> i'm greg gutfeld in for bill o'reilly. thanks for watching us. our top story tonight, the last ditch effort to avert the fiscal cliff. president obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cl
. >> as the country moves closer to going over the fiscal cliff, the partisan rhetoric reaches new lows. can washington hammer out a deal before it's too late. the american people should be outraged at this because it is disgraceful. it is purposely misleading. >> shocking developments at the state department. the four officials supposedly out of their jobs after the benghazi terror attack reportedly still on the government payroll. how can that be? [chanting] protect the...
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just days left for lawmakers to come up with a way to avoid the fiscal cliff. who is feeling more pressure to get things done, the president, the democrats, congressional republicans?. patti ann: and funeral services are now set for two firefighters killed in an ambush. we're now learning more about why a man intentionally set a fire in order to trap the first-responders. >> the note was important for us to find because at least it provided us with the information leading toward the intent of the shooter essentially to burn undo the neighborhood in which he resided and to kill people. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. gregg: all right, new developments on the christmas eve ambush that left two firefighters dead up in state new york. police say they have human remains in the burned out home of the gunman. david lee miller is live in our
just days left for lawmakers to come up with a way to avoid the fiscal cliff. who is feeling more pressure to get things done, the president, the democrats, congressional republicans?. patti ann: and funeral services are now set for two firefighters killed in an ambush. we're now learning more about why a man intentionally set a fire in order to trap the first-responders. >> the note was important for us to find because at least it provided us with the information leading toward the...
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he feels that a deal on averting this fiscal cliff might get done. here's the president. >> i'm modestly optimistic that an agreement can be achieved. money is going to get 100% of what they want. let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. i think you could qualify it. he said optimistic and came back later in that speech and said mod testily optimistic. >> juliet: doesn't that suggest that he is backtracking? >> clayton: don't know what's going to happen at the end of the day. in this meeting as dave was talking about back and forth the ball is in the senate's court right now mitch mcconnell said we will take it we don't want to go back to the house where that was a mess over in the house. we will take it. we will will try. this the president said you try this if you can't get anything done i want a straight up or down vote on those making over $250,000 a year and some of the unemployment benefits for 2 million individuals will stil
he feels that a deal on averting this fiscal cliff might get done. here's the president. >> i'm modestly optimistic that an agreement can be achieved. money is going to get 100% of what they want. let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. i think you could qualify it. he said optimistic and came back later in that speech and said mod testily optimistic. >> juliet:...
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that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any plunge on wall street and the like but once you go over the cliff, especially if it is not just a matter of a day or two to allow for a house vote, but if it is really the case that politicians here in washington are so dysfunctional, kelly, they can not get the people's business done, i think then you will see a market reaction that, as you describe it, could plunge the country back into recession and it is not just the united states. remember, we're the world leader in terms of so much when it comes to the economy. it could cause worldwide implications. europe already is on the verge of trouble. to have the united states go off the edge would be catastrophic, for the world, for the global economy. kelly: juan, i was talking to a very good friend of mind who lives here in the
that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any plunge on wall street and the like but once you go over the cliff, especially if it is not just a matter of a day or two to allow for a house vote, but if it is really the case that...
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how do you feel about us not talking about the fiscal cliff anymore? >> woe, that is great. >> look. look. look how happy they are. >> that is the moment of the night. yes. >> that is what we thought. up next, one of the greatest stories of rock history will play out on our times square stage. >> that is right. we're 22 minutes from the big ball drop. all american new year's eve is become in three minutes, 2013 is that far away. >> hi, i'm in afghanistan and want to say hi to family in new jersey my wife and daughter. happy holidays i'll be home, soon. >> hi. i want say happy holidays to my family and friends in california and hi to my husband, bill, my kids, i love you. i miss you. see you guys soon. >>> i get i'm supposed to be the one wishing you a prosperus new year. more important to me is that it's an enriching year for you. you hug your family closer keep your friends tighter enjoy special moments more. do you that and you have all of that, i guarantee you, it's going to be a priceless new year. make it special. happy new year. >> yeah. we will.
how do you feel about us not talking about the fiscal cliff anymore? >> woe, that is great. >> look. look. look how happy they are. >> that is the moment of the night. yes. >> that is what we thought. up next, one of the greatest stories of rock history will play out on our times square stage. >> that is right. we're 22 minutes from the big ball drop. all american new year's eve is become in three minutes, 2013 is that far away. >> hi, i'm in afghanistan and...
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Dec 31, 2012
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i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table and something will get done, too. >> dave: it appears that senate republicans came a long way in sharing their desire for no taxes raised on the wealthy. $550,000 thres hold for couples is a significant compromise. but can they get anything through the house in terms of getting republican votes today? >> i don't think that will get through the house . the house was elected to protect the united states of additional obama care spipe types of spending . from the perspective it is it a char aid. he wants to raise tax for people with over $200,000 . patti mu
i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table...
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Dec 27, 2012
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>> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all because congress kicked the can down the road. after the debt ceiling, which was a real crisis. and so by not completing resolving that issue in a substantive manner. we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no matter what you say about what happened a year and a half ago, the president was part of that equation, right? he is the president of the united states. >> he is. but there are three branches of government. >> laura: accountability for that as well: that's for sure and the democrats didn't get around to actually passing a budget so we need to move on to that that guy, we are going to have the republicans have only so much leverage. in effect they don't have a lot of power here, do they? not really i think we learned that speaker boehner own party we can go back as you said to the debt ceiling debate. the onl
>> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all because congress kicked the can down the road. after the debt ceiling, which was a real crisis. and so by not completing resolving that issue in a substantive manner. we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no...
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Dec 26, 2012
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>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't like is uncertainty. apple released a new product and there will be another new product. >> now that you got them under the christmas tree. a man who has been right predicting apple products before a 5th generation ipad will look like the mini but some what thinner narrower and shorter than a regular ipad so not as small. apple is working on another generation of the ipad mini. it could be two new products. >> we could have just wasted our money at christmastime. >> sales were down from what was expected. >> yeah, the holiday shopping season a disappoin
>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't...
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Dec 27, 2012
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doesn't mean they're going to get anything done as far as the fiscal cliff is concerned and because the deadline is so tight, about the most we could hope for may be is some kind of temporary deal. if they don't come up with a pick, the economy may be in for a big jolt. >> we're going to see economic activity slow down. i think we're going to see, with the certainty of tax rates raising on all of us that people contract their economic activity. >> and look, here is why. when you take a look at the impact of these tax hikes, at low income levels, a few hundred dollars. but for people make more than $500,000 a year, an average tax hike of $120,000 unless there is some kind of a fix. and finally, here is one possible solution, i guess. starbucks is telling all of their employees here in the dc area to write on every single coffee they make, come together. that is not just a tall order, but maybe a venty. i think a venty. >> kelly: that's really a good idea. not a good one, doug. >> clayton: thanks. what was your beverage of choice this morning? is that your coffee cup? >> juliet: all right
doesn't mean they're going to get anything done as far as the fiscal cliff is concerned and because the deadline is so tight, about the most we could hope for may be is some kind of temporary deal. if they don't come up with a pick, the economy may be in for a big jolt. >> we're going to see economic activity slow down. i think we're going to see, with the certainty of tax rates raising on all of us that people contract their economic activity. >> and look, here is why. when you...